Commodity Blog

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Forecast of Warm Weather Damps Demand for Natural Gas Posted: 29 Jan 2013 12:32 PM PST Natural gas declined today on forecast of warm weather. MDA Weather Services predicted that warmth will come from the East to the central United States and temperatures will be above norm from February 8 through February 12. The warmth should damp demand for the heating fuel. According to the Energy Information Administration, production of natural gas reached a record in October. The EIA reported last week that US stockpiles of gas [...]

Crude Oil Retains Strength amid Signs of Global Growth Posted: 29 Jan 2013 11:28 AM PST Crude oil advanced today as the US housing market was showing persistent signs of improvement, adding to signs of global economic growth. The Standard &Poor’s/Case Shiller Composite-20 House Price Index rose from 144.08 in October to 144.99 in November, growing 5.5 percent on an annual basis. The data from Europe was also good. The German consumer climate was stable this month as German consumers felt optimism. All in all, fundamentals [...]

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